News

A property tax rate of $.604382 per $100 of property value is being proposed by the Mount Vernon City Council for 2013. The city’s proposed 2013-14 operating budget combines general and utility funds of $6.3 million with expenses of $6.2 million.

The property tax rate should provide an estimated $555,429 in revenues for the 2013-14 budget year. That is about $4,000 less than 2012 even though property values were up $1.9 million. For more details about the city’s budget, see the Aug. 15 edition of the Mount Vernon Optic-Herald.